alan greenspan had a sensible monetary policy, the economy started to recover and then clinton got the religion, he cut capital gains. >> steve is giving your man all these kudos and you're not taking them. >> two things first, larry, didn't president reagan raise the capital gains tax rate? >> in a tax reform plan he did. >> exactly. that's my point. was that class warfare when he did that? was that class warfare when he did that. >> revenues went down. >> the question, though, was that class warfare? i don't think you would call that class warfare. it's funny times have changed. >> we cut the top freight 50 to 28%. >> and george h.w. bush brought it back up again because he lost so much revenue. >> that's the great part about history you read what you want to read. thank you gentlemen very much. up next on kudlow, president obama issues a war ultimatum to syria. if they dare use chemical weapons and my question where did syria get those wmds. they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them.